Undergraduate Course: Economics of Strategic Behaviour 1 (ECNM10032)
Course Outline
| School | School of Economics |
College | College of Humanities and Social Science |
| Credit level (Normal year taken) | SCQF Level 10 (Year 4 Undergraduate) |
Availability | Available to all students |
| SCQF Credits | 20 |
ECTS Credits | 10 |
| Summary | This half-course Senior Honours option comprises the first term of the full-course option the Economics of Strategic Behaviour. The half-course reviews the game theoretic analysis of interactive decision-making, covering static and dynamic games with complete information, and static games with incomplete information. The basic concepts developed include: Nash equilibrium; dominant strategies; mixed strategies; games in extensive form; subgame perfection; timing & commitment; and Bayesian approaches to games of asymmetric information. The concepts are illustrated by applications, such as: Cournot oligopoly; the "tragedy of the commons"; tennis; bargaining; policy credibility; and auctions. |
| Course description |
Not entered
|
Information for Visiting Students
| Pre-requisites | None |
Course Delivery Information
|
| Academic year 2015/16, Available to all students (SV1)
|
Quota: None |
| Course Start |
Semester 1 |
Timetable |
Timetable |
| Learning and Teaching activities (Further Info) |
Total Hours:
200
(
Lecture Hours 20,
Seminar/Tutorial Hours 3,
Summative Assessment Hours 2,
Programme Level Learning and Teaching Hours 4,
Directed Learning and Independent Learning Hours
171 )
|
| Assessment (Further Info) |
Written Exam
80 %,
Coursework
20 %,
Practical Exam
0 %
|
| Additional Information (Assessment) |
Take home problem set (20% of the final mark); A 2 hour Degree examination in April/May diet (80% of the final mark).
Visiting Student Variant Assessment
A take-home problem set (50% of the final mark); two additional take-home problem sets (each worth 25% of the final mark). |
| Feedback |
Not entered |
| Exam Information |
| Exam Diet |
Paper Name |
Hours & Minutes |
|
| Main Exam Diet S2 (April/May) | | 2:00 | |
|
| Academic year 2015/16, Part-year visiting students only (VV1)
|
Quota: None |
| Course Start |
Semester 1 |
Timetable |
Timetable |
| Learning and Teaching activities (Further Info) |
Total Hours:
200
(
Lecture Hours 20,
Seminar/Tutorial Hours 3,
Programme Level Learning and Teaching Hours 4,
Directed Learning and Independent Learning Hours
173 )
|
| Assessment (Further Info) |
Written Exam
0 %,
Coursework
100 %,
Practical Exam
0 %
|
| Additional Information (Assessment) |
Take home problem set (20% of the final mark); A 2 hour Degree examination in April/May diet (80% of the final mark).
Visiting Student Variant Assessment
A take-home problem set (50% of the final mark); two additional take-home problem sets (each worth 25% of the final mark). |
| Feedback |
Not entered |
| No Exam Information |
Learning Outcomes
| The main principles of static and dynamic game theory in complete information settings; the importance of timing, commitment and credibility.
|
Additional Information
| Graduate Attributes and Skills |
Not entered |
| Keywords | ESB1 |
Contacts
| Course organiser | Dr Ed Hopkins
Tel: (0131 6)50 3061
Email: |
Course secretary | Ms Dawn Hutcheon
Tel: (0131 6)51 5958
Email: |
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